Essays on Failures

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... Failures Business Failures There are various reasons due to which businesses fail and one of the reasons is inappropriate financial management. One of the tough decisions regarding financial management that organizations have to take is do decide the amount of cash the organization should invest in the business and the amount of money it should keep in hand. In order to solve this issue the organization can develop a safety net. This means that the organization needs to ensure that the organization has enough money in order to pay for six months of expenses that may be incurred in future (Keenan, 2011, p.57). This does not necessarily means that the organization needs to keep the money locked up in...

... Construction Failure in Buildings The history of collapsed building s back to the Babylonian period when the law of Hammurabi was drafted. However, some there have been some recent catastrophic structural collapses during construction that have generated wide publicity. These include, the Cooling Tower Scaffold Collapse, in Willow Island, West Virginia in April 1978, where premature loading of cast-in-place concrete resulted in loss of life for 51 construction workers and the Rosemont Horizon Arena, Chicago in august 1979, where Glue-laminated timber roof arches spanning 89 metres (290 ft.) collapsed killing five workers and injuring 16. The Harbour Cay Condominium in Cocoa Beach, Florida in March...

... to Government failures
Government failure is a situation in which the government is not able to meet its set goals and objectives. The failures of the government can be because of various factors including poor planning and poor budgeting. Therefore, the impacts of government failure will cause a lot of inconvenience in both the operations of the people as well as the functioning of the government. Therefore, Government intervention to deal with market failures can also fail to attain a socially efficient allocation of resources to various projects that will aid in generating revenues to the government. Government failure is, therefore, a situation where the government intervention in the economy to ...

... Research Proposal The proposal illustrates the impact of banking failure and significant interventions of regulatory system in the United Kingdom. It also determines in depth analysis of the historic banking failure, emergence of corporate governance and role of regulatory environment of United Kingdom in shaping the financial intuitions. The economic downfall of 2008/09 have severely affected the banking system and have raised the concern of the government to form a single tier body which could monitor and access the financial intuition of the United Kingdom. 1. Research Background The research is based on the recent International financial crisis of UK banking system 08/09, which failed to adhere...

... Case Study – June Tornadoes – Failure of Leadership Case Study – June Tornadoes – Failure of Leadership Tornadoes of June 1, 2011 resulted in excessive damage as it roared through central and western Massachusetts. Along with loss of life and severe injured causalities, there was severe damage to properties in at least 18 communities. Roofs were ripped off, trees were uprooted and debris scattered. The year 2011 has been a disastrous year with respect to weather related calamities. There were 1000 deaths as a result of weather related calamities and 550 of those were a result of tornadoes (IEMA, 2012). While severe weather cannot be prevented, there is much that can be done with respect to being...

... in Corporate Governance Introduction Within a commercial context, corporate governance is a paramount element in effective business models. The meaning of corporate governance is derived from the synergistic definitions of the two words; corporation and governance. A corporation refers to an organized and independent association of individuals conducting legally-permissible business activities. Governance refers to the decision-making processes and practices involved in upholding accountability and responsibility of a corporation to its stakeholders. In this context, corporate governance involves structured activities meant to foster sustainable relationship between business stakeholders like...

... Program Failures Marketing Program Failures Product and brand failures are likely to occur to unpredictable degrees withinproduct-based organizations. In business, marketing program failure is termed as negative especially in the marketing process. Studying marketing failures is important since it allows for an effective planning and implementation process. In most cases, the planners are able to learn from previous mistakes of brand and product failures (Gospe, 2008). Marketers tend to make same mistakes hence making their marketing programs to fail. Based on conversations with other marketers, observations and research studies, there are four main reasons as to why content marketing initiatives...

... Head Internal Control Failures Paper Internal Control Failures Paper Rules of internal control generally are regarded as belonging within the self-disciplinary purview of professional associations, but talk of rules or standards for financial reporting often gives rise to concern that because such rules affect something loosely called "the public interest," their formulation should not be entrusted to the private sector. The case of the World Bank shows that internal control failures result in organization and stakeholder losses, have a negative impact on the image of the organization, its cash management and budgeting.
One of the biggest and most powerful financial organizations, the World Bank, fai...

... Specific communication failures that led to the Challenger disaster a. Managers and engineers viewing the same facts from different perspectives. People see things differently. This is very much applicable to what happened to the Challenger disaster. Managers and engineers view the facts they have from different perspectives. In this case, we can infer that knowledge is not simply seeing facts but rather interpreting them and that communication is not just shared-in information but also shared interpretation. Interpretation of facts can be affected by the role or position of a person in the organization. Managers, being in the administrative position can interpret the facts they received differently ...

... of construction projects is one of the most dreadful consequences that can occur as a result of executing the project as it not only brings a bad name to the parties involved in the execution of the project, but also incurs them a lot of cost and waste of time. Failure of a construction project can be defined as, “1) the act of falling short, being deficient, or lacking; 2) nonattainment or nonsuccess; 3) nonperformance, neglect, omission; 4) bankruptcy; and 5) loss of vigor or strength” (Hohns, 1985, p. 75). Failures of construction projects can be divided into two basic categories; procedural failures and technical failures (Yates and Lockley, 2002, p. 8). The difference between procedural...

... slab construction: Introduction: The lift slab construction is a time saving and systematic construction process in which concrete slabs are cast in-situ, one above the other, separated by membranes, and are threaded through the previously erected columns in order to be lifted to their respective elevations with the help of a hydraulic jack or other mechanical methods. The hydraulic jacks are lifted on the top of each column, and are secured in position with the help of a pinning mechanism. They pick the slabs up using the lifting rods which are connected with the lifting collars, that are intentionally cast in the concrete slab to serve the purpose of lifting. Once the slab has been raised to its...

... Management Failures in Entrepreneurship Management Failures in Entrepreneurship Introduction It's commonly known that a great number of enterprises are likely to stagnate or collapse within the initial four years of their inauguration. In many of the situations, the entrepreneurial ventures fail because they were founded by highly inexperienced and over ambitious entrepreneurs. In most cases, this over ambitious behavior causes failure in entrepreneurial ventures usually early in operation. In order to fix a failure, people should first identify what the problem is. This paper will extensively discuss and analyze in-depth about two or three of the most common failures in entrepreneurship ventures....

... and failures of Mussolini Order No.248866 November'08 Successes and failures of Mussolini Italy was under the dictatorship of Mussolini from 1922 t0 1939. During his rule he totally changed the policies of the Government with a view to improve economic stability and also for the welfare of the people. He also wanted to strengthen his power by influencing the public. Of these policies some were successful, some were not. Mussolini once declared "Our programme is simple. We want to rule Italy" (Mussolini). Carsten (1962) commenting on this statement said, "This is the real program of any Leftist. But Mussolini had the honesty to be upfront about it." There is an element of truth in this statement.
...

... Richard Nixon – his successes and failures: Richard Nixon is one of the most controversial Presidents in the history of the United s. Having first served as Vice-President to President Dwight Eisenhower during the 1950s, he won the Presidential elections in 1968 and served in this role for the next six years. Affiliated to the Republican Party, his achievements were limited to a few landmark agreements in foreign diplomacy. But for most part, his tenure as President was marred by a series of controversies starting with the Vietnam War and ending with the Watergate scandal. Although started by the Kennedy-Johnson Administration, it was President Nixon who oversaw the peak of the war in Vietnam. This...

... into Piston Failures The previous extensive discussions about the significance of the functions, composition, and failure of the mechanical parts of an engine have been quite controversial. Such investigations and studies gave rise to various questions. Therefore, the work efficiency of the engine block as per the piston's operations is related to the piston's mechanism. The pistons of an engine are the most intricate components in rest of the field components of automotive as well as of other industry. If engine is considered as the heart of a car then the piston is regarded as its most important part. Various researched have been conducted so far proposing new geometries, materials and...

... Failures and Lessons Learned Enterprise Resource Planning (ERP) Systems are information systems, which enable an organization to have a synchronized configuration that can connect various business aspects strategically. A business can have some form of competitive business advantage as it saves on resources. The technology reduces any inefficiency that are associated with data entry and management of information. A successful deployment of the ERP system enhances the employee satisfaction and productivity. The ERP has several challenges resulting in failure due to various reasons leaving some lessons to be learned.
One of the major lessons from ERP implementation is employee involvement that require...

... Teacher and the Failures Contemporary poetry rarely engages in instructing and edifying. Thus “didactic poetry” or poetry trying to impart knowledge or to teach is almost out of fashion. It is considered to be an inferior form of poetry and poets object to that adjective, if tagged with their poems. But David Wagoner is a strange exception. He still maintains instruction as one of his prime mode of expression. He still writes instructional poems with instructions like how to start fire in the rain or how to rescue a drowning person. The poet known for his instructional tone is writing about the failed instructions of an instructor ---- that is what is making the poem My Physics Teacher interesting....

... of corporate failures Contents Contents 2 Introduction 3 Methodologies and assessment 4 Empirical evidences and assessment 7 Case 7 Case 2 8
Conclusion 10
References 11
Introduction
The economic effect of corporate failure is heavy. This is especially stakeholders of public-held organizations. Before a corporate fails, the firm’s financial signs are regularly in distress. It is very important to finding a method to locate corporate financial distress as early as possible. It is a serious matter related to investors, auditors, creditors, and other stakeholders. The importance of this issue has resulted in a lot of research for the prediction of corporate failures or financial distress. Whatever maybe...

... of Market Failures in Microeconomics The term economics stems from the Ancient Greek (oikonomia - management and administration of a household) from (oikos - house) + (nomos - custom or law), meaning the rules of the household. Economics is the social science that examines the production, allocation, and utilization of goods and services. There are two main branches of economics, macroeconomics and microeconomics. While macroeconomics is the study of the national or the regional economy as a whole. Microeconomics is the behavioral study of individual consumers and firms in the market in order understand their decision making process. This is basically the study of interaction between the...

... Failures of Jamestown The Jamestoune Setlyement which is now referred to as Jamestown Settlement was the foremost "permanent English settlementin North America."1 In the late 1606's, English capitalists set sail with a granted right from the Virginia Company of London to establish a colony in the New World which eventually led to its discovery in May 14, 1607 in the colony of Virginia and was named after King James I of England. Its discovery established a permanent foothold for England to North America and concurrent to this, for purposes of a quick profit for investors from gold mining exploits.
There have been noted ignominies and failures at Jamestown. It was evident from several accounts tha...

... and Failures of Federalism Race and Failures of Federalism The federalism led to the crucial play that resulted in the preservation of the individual liberty, as well as protection of the independence of the America’s local communities. The events unfolded when the African Americans faced a number of discrimination. Some of the wickedest violence occurred during the civil war. There was an urgent need for freedom for the oppressed blacks, which would bring an immediate closer of their sufferings. The black freedom was the center of the American unity. Federalism has a link to this freedom since it recognized the diversity of the America. Additionally, federalism recognized the need for national...

... Structural Fire and Structural Failures Full Structural Fires and Structural Failures Introduction Our ever changing living standards and development of our infrastructure is continuously updated to provide us with better living conditions. Our economy depends on the infrastructure; however, as our cities expand, the infrastructure becomes overloaded and in turn, susceptible to basic dangers as fire or even structural failures. In between 2007 and 2011, fire departments in the United States alone received an average of 366,600 calls per year for home structural fires (Ahrens, 2013, p.1). These fires resulted in over 2,500 casualties and cost $7.2 billion in damage on average every year. Efforts...

... Failures and Challenges Affiliation Cryptography is a technique used in keeping and passing on information in a particular outline such that, only for whom the data is proposed can understand and process it. However, just like any other inventions, there are instances where the system fails, either due to hacking or general failure. In this case, private information is compromised and it can lead to disclosure of crucial data to the public.
A recent such occurrence was witnessed in Taiwan, where scientist unearthed a flaw with the country’s secure digital ID system. The error enabled attackers to masquerade as some citizens who depend on it to register their cars, pay taxes, as well as file immigrati...

... Failures or Misperceptions This paper seeks to consider the commonly accepted claims of intelligence failures both before 9/11 and the Iraq War (WMD intelligence assessment). There is enough evidence that the common public perceptions of intelligence failures are correct. This is evident in the Paul Pillar argument. The failures in intelligence prompted calls for reforms depicting that the perceptions are true. For example, in September 11, 2002, the terrorist attacks prompted inquiry by many whether failure existed in the agencies of the United States intelligence to collect all available information concerning the plots that led to the attacks, analyze it appropriately and disseminate it...

... market and market failures: A study The perfect market is a market where the trade of goods and services occur in the most suitable manner such that there is maximum benefit for the producer, consumer and the society as a whole. But in reality it is very difficult to see the perfect market. Market failures occur due to several reasons and some of its examples are traffic jam, credit crunch, etc. The present essay intends to study the concepts of a perfect market and factors that could lead to a market failure. It is also intended to assess traffic jam and credit crunch as examples of market failures.
A perfect market is a theoretical concept on the basis of following assumptions. There are a large nu...